PBF Energy Inc. — Director's Dealing 2021

Feb 11, 2021

SEC Form 4/A — Form 4/A

Issuer: PBF Energy Inc. (PBF)
CIK: 0001534504
Period of Report: 2021-02-08

Reporting Person: Young C Erik (Chief Financial Officer, SVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-08	Class A Common Stock	M	2000	—	Acquired	116675	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-08	Warrant to Purchase Series A Units of PBF Energy Company LLC	$10.00	M	2000	Disposed	2021-03-01	Class A Common Stock (2000)	Direct
2021-02-08	Series A Units of PBF Energy Company LLC	$	M	2000	Acquired		Class A Common Stock (2000)	Direct
2021-02-08	Series A Units of PBF Energy Company LLC	$	M	2000	Disposed		Class A Common Stock (2000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	1	Direct
Class A Common Stock	7191.453	Indirect

Footnotes

F1: The Class B Common Stock entitles the reporting person to one vote for each Series A Unit of PBF Energy Company LLC held by such reporting person.

F2: Pursuant to an exchange agreement the Series A Units of PBF Energy Company LLC are exchangeable at any time for shares of Class A Common Stock of PBF Energy Inc. on a one-for-one basis, subject to equitable adjustments for stock splits, stock dividends and reclassifications. As the reporting person exchanges the Series A Units of PBF Energy Company LLC for shares of Class A Common Stock of PBF Energy Inc. pursuant to the exchange agreement, the voting power afforded to the reporting person by his share of Class B Common Stock of PBF Energy Inc. will be automatically and correspondingly reduced.

F3: Represents number of shares of Class A Common Stock acquired under PBF Energy Inc.'s 401(k) Plan as of September 30, 2020 per Vanguard records.

F4: Represents compensatory warrants to purchase Series A Units of PBF Energy Company LLC granted to the reporting person on March 1, 2011, which were fully vested at the time of grant and became fully exercisable at the time of the initial public offering of PBF Energy Inc. Pursuant to an exchange agreement the Series A Units of PBF Energy Company LLC are exchangeable at any time for shares of Class A Common Stock of PBF Energy Inc. on a one-for-one basis, subject to equitable adjustments for stock splits, stock dividends and reclassifications. As the reporting person exchanges the Series A Units of PBF Energy Company LLC for shares of Class A Common Stock of PBF Energy Inc. pursuant to the exchange agreement, the voting power afforded to the reporting person by his share of Class B Common Stock of PBF Energy Inc. will be automatically and correspondingly reduced.